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Archive for September, 2007

Paper: Dynamic pricing with demand learning under competition | Massachusetts Institute of Technology

Paper: Dynamic pricing with demand learning under competition | Massachusetts Institute of Technology

Abstract In this thesis, we focus on oligopolistic markets for a single perishable product, where firms compete by setting prices (Bertrand competition) or by allocating quantities (Cournot competition) dynamically over a finite selling horizon. The price-demand relationship is modeled as a parametric function, whose parameters are unknown, but learned through a data driven approach. The […]

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